Schedule 1-A

Forum|Forum|5 months ago
February 7, 2026
1 reply
165 views

How do I get tax free interest to add to my AGI for MAGI purposes to reduce the senior additional deduction.

Best answer by DoninGA

@dmn1948 Are you filing as Married Filing Separately? If so, you would not be eligible for this deduction.

If your MAGI is to high you would not be eligible for this deduction.

IRS Schedule 1-A - https://www.irs.gov/pub/irs-pdf/f1040s1a.pdf

DoninGA

Level 15

If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.

Standard deductions for 2025

Single - $15.750 add $2,000 if age 65 or older
Married Filing Separately - $15,750 add $1,600 if age 65 or older
Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older
Head of Household - $23,625 add $2,000 if age 65 or older

New Bonus Standard Deduction (OBBB):
An additional $6,000 deduction for taxpayers 65 and older.
This is per eligible individual, meaning a married couple both over 65 could get $12,000.
Important: This bonus deduction is temporary, lasting from 2025 through 2028.
Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.

The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b

Look at your Form 1040 -

You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

dmn1948Author

Level 2

It is my understanding that the Bonus Deduction (MFJ) is reduced when your MAGI exceeds $ 150K;I cannot get the Tax Free Interest to flow to schedule 1-A to show my reduced amount.